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The Pitfalls of Insolvency in Construction Businesses - How to Spot Them and What to Do
Wednesday 27 April 2016, 05:00pm - 07:30pm
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Contact This email address is being protected from spambots. You need JavaScript enabled to view it. or 31273797 (VOIP no., no 6 prefix required)

Location :1 Marina  Boulevard, NTUC Centre, Level 9, Room 903, Singapore 018989

Date: Wednesday 27 April 2016

Time: 05:00pm - 07:30pm

About the Seminar

Dealing with Construction Risk Businesses generally agree that a challenging 2016 could bring about higher rates of insolvency. Despite the Singapore economy achieving economic growth of 3% in 2014, the local market experienced almost 2,300 construction-related business cessations in the same period. How do businesses deal with the tepid 2016 construction outlook and greater insolvency risks? How in particular, do businesses deal with the insolvency of a customer, subcontractor or supplier.? What actions can businesses take to address anticipated insolvencies of counterparties? Hear from a panel of distinguished experts on dealing with the current volatile economic conditions.

Seminar Programme

5.00-5.30pm Registrations & Networking for Delegates

Opening Remarks by Chairperson:
Mr. Paul Sandosham - Partner, Clifford Chance

5.45 -7.00pm

The Pitfalls of Insolvency in Construction Businesses - How to Spot Them and What to Do
Mr. Dennis Lee – Director, Risk Advisory Division, RSM Singapore
Mr. Abuthahir Abdul Gafoor – Partner, Litigation Consulting & Forensic Accounting, RSM Singapore

7.00-7.30pm Q&A Session

About the Speakers

Mr. Dennis Lee, RSM Singapore, Director, Risk Advisory Division
Dennis is a Director with almost 15 years of audit, internal audit and risk management experience. Dennis has been actively involved in providing internal audit and enterprise risk management services to Singapore Listed companies, fund management companies, family managed businesses and statutory boards across a wide array of industries covering healthcare, manufacturing, hospitality, transportation, engineering and construction, property development and REITs.

 Dennis has worked closely with Boards, Audit and Risk Committees as well as Senior Management in the planning and delivery of internal audit, control self-assessment and enterprise wide risk management deliverables. He has assisted numerous listed companies in complying with the enhanced SGX Listing Rules and to address risk governance requirements specified in the Code of Corporate Governance. He has also facilitated Board and Management discussions on risk strategies that have paved the way for development of risk management frameworks and the implementation of risk management programs.

 Dennis is also the Practice Leader for the Funds Management Practice and has assisted fund managers in complying with the specific sections of the Securities and Futures Act. In particular, Dennis has assisted fund managers and their risk management teams in developing and conducting internal audits, implementing frameworks to manage and address fund management related operational, market and financial risks. 

An active speaker on the public circuit, Dennis has also presented and been involved as a panelist in numerous seminars organised by the Singapore Institute of Directors, Securities and Investors Association of Singapore, UOB and OCBC on topics such as internal controls and risk governance.

Mr. Abuthahir Abdul Gafoor, RSM Singapore, Partner, Litigation Consulting & Forensic Accounting
Abuthahir has over 25 years of experience specialising in corporate restructuring, corporate recovery, litigation consulting, business valuations, due diligence and financial reviews. His insolvency work experience spans diverse industries including construction, automobile, commodities trading, retail and publishing. Abuthahir has also managed insolvent construction companies as well as the receivership and liquidation of a precast manufacturer.
Apart from insolvency matters, he also works closely with lawyers in various forms of litigation consulting engagements, including fraud investigations, assessment of claims for damages or loss of profits, business valuations, and other forms of commercial or private disputes.

About the Chairperson

Mr. Paul Sandosham, Partner Clifford Chance, Chartered Arbitrator, FCIArb, FSIArb
Paul Sandosham is a partner in the Litigation and Dispute Resolution practice of Clifford Chance and heads the Energy, Infrastructure and Resources (Disputes) practice for South East Asia. He is admitted to the Singapore Bar and is on the roll of solicitors of England and Wales. He is qualified as a Chartered Arbitrator. He is a Fellow of both the Chartered Institute of Arbitrators (FCIArb) and Singapore Institute of Arbitrators (FSIArb). Paul is an accredited mediator with the Centre for Effective Dispute Resolution in London (CEDR) and an incorporate member of the Chartered Institute of Building (ICIOB).
Paul acts as counsel in court and international arbitration proceedings (under ICC, SIAC, DIAC, ADCCAC, UNCITRAL, ICSID Rules) for various parties in disputes arising out of large scale construction and infrastructure projects including commercial and residential developments, industrial buildings, resorts, hotels, toll roads, bridges, railways, pipelines, mines, FPSOs, offshore LNG terminals, mooring buoys, oil refineries, and power (coal, oil, natural gas, hydro & geothermal) and petrochemical plants. Paul has advised on a multitude of projects and disputes that have arisen across numerous jurisdictions, including in Singapore, Malaysia, Indonesia, Thailand, Brunei, Vietnam, India, Lao PDR, Philippines, UAE, Qatar, Bahrain, KSA, Mauritius, Maldives, Tanzania, Nigeria, China, Mongolia, Turkey and Papua New Guinea. He also has extensive experience in international trade and commodities disputes.
Paul is on the panel of arbitrators of SIAC, KLRCA, DIAC and CIArb (London). He sits as sole arbitrator and tribunal chairman in international arbitrations relating to various types of disputes. He is a director of The Chartered Institute of Arbitrators (Singapore) Ltd and is the current Honorary Secretary of the Society of Construction Law (Singapore). He is on the Faculty of CIArb where he teaches arbitration courses conducted by CIArb. Paul is a co-Vice Chairman for International Arbitration in the Law Society’s Alternative Dispute Resolution Committee, and a member of the appointments sub-committee responsible for appointing arbitrators under the Law Society of Singapore Arbitration Scheme (LSAS). He is a member of the Law Society’s Foreign Lawyers Advisory Panel. Paul is recognised as a leading dispute resolution and construction lawyer and has been commended in numerous prominent legal publications including Chambers Global & Asia Pacific - The World's Leading Lawyers for Business, The Legal 500: Asia Pacific, Europe, Middle East & Africa, Global Arbitration Review's 100, Who's Who Legal – The International Who’s Who of Business Lawyers, Euromoney’s Guide to the World’s Leading Construction Lawyers, IFLR 1000 Energy and Infrastructure, Experts Guides – Commercial Arbitration and Asian Legal Business.

For more details, click HERE


Location 1 Marina Boulevard, NTUC Centre, Level 9, Room 903, Singapore 018989
"SCL (Singapore) is an Accredited Institution under the SILE CPD Scheme for CPD Year 2016." For more information, including details of the Attendance Policy, please visit:

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